Section 227: Effect on transfer of shares
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
227. Effect on transfer of shares
(1) Subject to this section, a share in a company in administration shall
not be transferred and the rights or liabilities of a shareholder of the company may not be altered.
(2) An administrator may consent to the transfer of a share in a company
in administration where he is satisfied that the transfer is in the best interests of the company’s shareholders.
[Issue 3] I14 – 132
Revised Laws of Mauritius
(3) The Court may make an order for—
(a) the transfer of a share of a company in administration, but only
after the administrator has been asked to consent to the transfer
and has refused or failed to respond for an unreasonable time; or
(b) altering the rights and liabilities of a shareholder in a company in
administration.